Day: February 28, 2023

Glencore ordered to pay $700 million by US judge in bribery case

Mr Mohammed

Reports Bob Van Voris in The case, US v. Glencore, 22-cr-00297, US District Court, Southern District of New York (Manhattan). Glencore Plc was ordered by a federal judge in New York to pay $700 million as a criminal punishment for a global bribery scheme orchestrated by the Swiss-based commodities trading and mining giant. US District Judge Lorna G. Schofield on Tuesday imposed the sentence, following the terms of a plea deal with prosecutors entered when Glencore pleaded guilty in May to a single count of conspiring to violate the Foreign Corrupt Practices…

Ajman Chamber Approved “Al Damani” Car, The First Electric Car Made In The Uae, Among Its Cars

Mr Mohammed

H.E. Abdullah Al Muwaiji, the Chairman of the Ajman Chamber of Commerce and Industry (ACCI), approved “Al Damani” car as the first electric car made in the UAE, which belongs to the “M Glory Electric Vehicle Factory” in the UAE, among the cars used in the Ajman Chamber, supporting of the national industry, promoting the UAE products, and realizing the vision of the wise leadership to achieve environmental sustainability and in line with the declaration of H.H. Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, may Allah protect…